Search Results for: Digital currency
Proposal To Form China’s First Bitcoin Advocacy Group To Test Government Attitude
December 10th, 2014
Established in 2012, the Bitcoin Foundation has quite a few titles – It is a “top trade organization”, an “unofficial organisation to represent the interests of Bitcoin”, a Bitcoin “lobbying group” and “one of the world’s leading advocacy groups ...
BITCOIN NEWS IN REVIEW: MASTERCARD, MINING DIFFICULTY, SILK ROAD, AND MORE
December 9th, 2014
“For Everything Else, There’s Bitcoin” This week, payments company MasterCard argued for tighter regulations against bitcoin in Australia. According to MasterCard, “Any regulation adopted in Australia should address the anonymity that digital currency provides to each party in a ...
U.S. auction of Silk Road bitcoins draws 27 bids
December 5th, 2014
The U.S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought. ...
Bitcoins Seized From Silk Road Offered in Second Auction
December 4th, 2014
The U.S. government will auction 50,000 bitcoins as it disposes the virtual currency seized after closing down the illicit Silk Road marketplace last year. Today’s tender is the second sale after the U.S. Marshals Service sold almost 30,000 bitcoins in June, ...
Bitcoin Fund Manager Faces HSBC Account Closure
December 2nd, 2014
Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC. The firm said it received a notice from HSBC indicating that the company’s bank account would be ...
The Blockchain Lottery: How Miners Are Rewarded
November 24th, 2014
In their new book Bitcoin for the Befuddled, Drs. Conrad Barski and Chris Wilmer use non-technical language and clear, step-by-step approaches to explain the ins and outs of bitcoin. Here, they provide an overview of the “blockchain lottery” and ...
World Bank: Bitcoin is not a “Ponzi Scheme”
November 19th, 2014
Ponzi scheme: A fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Many of the ...
Exponential and XE.com announce two-year exclusive partnership for mobile web, in-app monetisation
November 12th, 2014
Exponential Interactive, the global provider of advertising intelligence and digital media solutions, today announced an expansion of their exclusive partnership with online foreign currency and rate exchange resource XE.com, enabling XE to monetise their in-app and mobile web inventory ...
Texas man charged in first-ever bitcoin Ponzi scheme
November 7th, 2014
In the first federal securities case involving a Ponzi-scheme using the digital currency, a Texas man was charged Thursday in New York with defrauding investors of millions of dollars worth of bitcoin. Trendon Shavers, 32, was arrested at his ...
MintPal Vows to Fight Former Moolah CEO in Court
October 31st, 2014
The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO Alex Green. Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ...
